# Battered Indian rupee may get some relief from foreign inflows | Stock Market News

> A Bloomberg survey expects the Indian rupee to gain about 2% to 74 per dollar by end-December. The rupee has been pressured by rising oil prices and a stronger dollar, and is Asia's worst performer over the past month. Large share sales, including Paytm's roughly $10 billion IPO, could bring foreign inflows.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44862-battered-indian-rupee-may-get-some-relief-from-foreign-inflows-stock-market-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee would lower India's import costs for dollar-priced feed ingredients and crude-linked freight. The effect is modest and depends on whether the expected inflows materialise.

## Read by commodity

- USDINR: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/market/battered-indian-rupee-may-get-some-relief-from-foreign-inflows-11634178218518.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.